Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/AUD recovers after making a low of 2.073, good to sell on rallies

  • GBP/AUD has made a low of 2.0730 and recovered till 2.0930 from that level. It is currently trading at 2.08715. Overall trend is weak a decline till 2.050 (200 day MA)/2 is possible.

  • Short term trend reversal can happen only above 2.120. Any break above 2.120 will take the pair till 2.150/2.175.

  • Overall trend reversal only above 2.1750.

It is good to sell on rallies around 2.090 with SL around 2.120 for the TP of 2.050/2.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.